Chapter 1 : Business Driven Technology

How does IT impact on business operation?

basically, IT increase advancements in technology impact businesses because it creates less of a need for manual labor.

Understanding information technology provides great insight to anyone learning about business.

DEFINITION

• Information Technology (IT) - a field concerned with the use of technology in managing and processing  information. IT is an important enabler of business success and innovation.

• Management Information System (MIS) - a general name for the business function and academic discipline covering the application of people, technologies and procedures to solve business problems. MIS is a business function, similar to accounting, finance, operation and human resources. 

• Data - raw facts that describe the characteristic of an event.

•  Information - Data converted into a meaningful and useful context.

•    Business intelligence – applications and technologies that are used to support decision-making efforts

Example of data, information and business intelligent.

IT CULTURES

•          Information-Functional Culture - Employees use information as a means of exercising influence or power over others.

•          Information-Sharing Culture - Employees across departments trust each other to use information to improve performance.

•          Information-Inquiring Culture - Employees across departments search for information to better understand the future and align themselves with current trends and new directions.

•          Information-Discovery Culture - Employees across departments are open to new insights about crisis and radical changes and seek ways to create competitive advantages.

That's all for chapter 1. Tata :)